Nasdaq (NDAQ) EBT (2009 - 2026)
Nasdaq recorded quarterly EBT of $677.0 million in Q1 2026, up 16.72% quarter-over-quarter from $580.0 million in Q4 2025, and up 38.73% year-over-year from $488.0 million in Q1 2025.
Nasdaq's EBT history runs 18 years deep, the most recent figure standing at $677.0 million for Q1 2026.
- In Q1 2026, EBT rose 38.73% year-over-year to $677.0 million; the TTM figure through Mar 2026 stood at $2.3 billion (up 43.72% YoY), while the FY2025 annual figure was $2.1 billion, up 48.03% from the prior year.
- EBT came in at $677.0 million for Q1 2026 at Nasdaq, up from $580.0 million in the prior quarter.
- In the past five years, EBT ranged from a high of $677.0 million in Q1 2026 to a low of $278.0 million in Q4 2023.
- A 5-year average of $420.4 million and a median of $391.0 million in 2023 frame the typical range for EBT.
- Across the five-year window, EBT declined 21.21% in 2024 and surged 60.7% in 2025, its largest moves.
- Nasdaq's EBT stood at $322.0 million in 2022, then dropped by 13.66% to $278.0 million in 2023, then surged by 57.91% to $439.0 million in 2024, then surged by 32.12% to $580.0 million in 2025, then advanced by 16.72% to $677.0 million in 2026.
- According to Business Quant data, EBT over the past three periods registered $677.0 million, $580.0 million, and $529.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 1.91 Bn |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 1.51 Bn |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 1.90 Bn |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 870.00 Mn |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 677.00 Mn |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | -464.71 Mn |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 389.20 Mn |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 515.50 Mn |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 428.10 Mn |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 161.11 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 677.00 Mn |
| Dec 31, 2025 | 580.00 Mn |
| Sep 30, 2025 | 529.00 Mn |
| Jun 30, 2025 | 548.00 Mn |
| Mar 31, 2025 | 488.00 Mn |
| Dec 31, 2024 | 439.00 Mn |
| Sep 30, 2024 | 356.00 Mn |
| Jun 30, 2024 | 341.00 Mn |
| Mar 31, 2024 | 312.00 Mn |
| Dec 31, 2023 | 278.00 Mn |
| Sep 30, 2023 | 391.00 Mn |
| Jun 30, 2023 | 337.00 Mn |
| Mar 31, 2023 | 396.00 Mn |
| Dec 31, 2022 | 322.00 Mn |
| Sep 30, 2022 | 382.00 Mn |
| Jun 30, 2022 | 397.00 Mn |
| Mar 31, 2022 | 374.00 Mn |
| Dec 31, 2021 | 314.00 Mn |
| Sep 30, 2021 | 371.00 Mn |
| Jun 30, 2021 | 454.00 Mn |
| Mar 31, 2021 | 395.00 Mn |
| Dec 31, 2020 | 267.00 Mn |
| Sep 30, 2020 | 357.00 Mn |
| Jun 30, 2020 | 316.00 Mn |
| Mar 31, 2020 | 273.00 Mn |
| Dec 31, 2019 | 252.00 Mn |
| Sep 30, 2019 | 215.00 Mn |
| Jun 30, 2019 | 239.00 Mn |
| Mar 31, 2019 | 313.00 Mn |
| Dec 31, 2018 | 328.00 Mn |
| Sep 30, 2018 | 209.00 Mn |
| Jun 30, 2018 | 288.00 Mn |
| Mar 31, 2018 | 239.00 Mn |
| Dec 31, 2017 | 211.00 Mn |
| Sep 30, 2017 | 234.00 Mn |
| Jun 30, 2017 | 211.00 Mn |
| Mar 31, 2017 | 215.00 Mn |
| Dec 31, 2016 | -408.00 Mn |
| Sep 30, 2016 | 199.00 Mn |
| Jun 30, 2016 | 146.00 Mn |
| Mar 31, 2016 | 195.00 Mn |
| Dec 31, 2015 | 219.00 Mn |
| Sep 30, 2015 | 206.00 Mn |
| Jun 30, 2015 | 192.00 Mn |
| Mar 31, 2015 | 14.00 Mn |
| Dec 31, 2014 | 97.00 Mn |
| Sep 30, 2014 | 179.00 Mn |
| Jun 30, 2014 | 162.00 Mn |
| Mar 31, 2014 | 156.00 Mn |
| Dec 31, 2013 | 235.00 Mn |
| Sep 30, 2013 | 171.00 Mn |
| Jun 30, 2013 | 135.00 Mn |
| Mar 31, 2013 | 59.00 Mn |
| Dec 31, 2012 | -202.00 Mn |
| Sep 30, 2012 | 134.00 Mn |
| Jun 30, 2012 | 125.00 Mn |
| Mar 31, 2012 | 137.00 Mn |
| Dec 31, 2011 | 120.00 Mn |
| Sep 30, 2011 | 170.00 Mn |
| Jun 30, 2011 | 131.00 Mn |
| Mar 31, 2011 | 152.00 Mn |
| Dec 31, 2010 | -177.00 Mn |
| Sep 30, 2010 | 143.00 Mn |
| Jun 30, 2010 | 146.00 Mn |
| Mar 31, 2010 | 89.00 Mn |
| Dec 31, 2009 | -15.00 Mn |
| Sep 30, 2009 | 84.00 Mn |
| Jun 30, 2009 | 114.00 Mn |